BETHESDA, Md., March 18, 2014
/PRNewswire/ -- NewTower Trust Company announced today that
the Honorable Kathleen Kennedy Townsend has joined its Board of
Directors. Her appointment expands the number of NewTower
independent board members to five. NewTower is a
Maryland-based, non-depository trust company that provides
fiduciary and trustee services to the $6.8
billion Multi-Employer Property Trust (MEPT).
MEPT is one of the largest open-end commingled real estate
equity funds in the U.S. Founded in 1982, MEPT is owned by 320
multi-employer and public employee pension plans. Signatory to the
UN Principles for Responsible Investment, MEPT is recognized as a
pioneer in Responsible Property Investing (RPI) and has been
consistently top-ranked in the U.S. by GRESB for its environmental
performance. MEPT is advised by Bentall Kennedy, one of
North America's largest real
estate investment advisors, and Landon
Butler & Company, LP® of Washington, D.C. which provides investor
relations and marketing services.
"Kathleen is an exceptionally accomplished person who brings
valuable, pertinent experience to our Board," said Daniel W. Toohey, Chairman of the Board at
NewTower. "In her role as Lieutenant Governor she championed
economic development and sustainability, which have long been key
priorities for NewTower and MEPT. Furthermore, her direct
experience working with and understanding the challenges of pension
funds adds an important new perspective to our Board. Her
appointment strengthens our ability to successfully build and
expand the MEPT strategy and meet the expectations of our
investors."
"It is rewarding to be joining an organization with a track
record of exceptional fiduciary responsibility, and an unwavering
focus on investors, performance, and prudent growth," Ms. Townsend
said.
Ms. Townsend was the first woman elected Lieutenant Governor in
the State of Maryland where she
served from 1995 to 2003. She is a Managing Director at The
Rock Creek Group, a leading global investment and advisory firm.
She also serves on the Board of Directors at the Pension
Rights Center; at Lightbridge Corporation (Nasdaq: LTBR) and at
CanAlaska Uranium, Ltd. (TSX-V: CVV).
Prior to her election as Lieutenant Governor, Ms. Townsend was
Deputy Assistant Attorney General of the U.S. where she led the
planning to put 100,000 police officers into
communities. Earlier Ms. Townsend founded the Robert F.
Kennedy Human Rights Award, and served as the founder and director
of the Maryland Student Service Alliance where she led the charge
for Maryland to become the first –
and only – state to make service a high school graduation
requirement.
SOURCE NewTower Trust Company